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Elon Musk's artificial intelligence startup, xAI Corp., is poised to finalize a significant funding round, potentially valuing the company at approximately $18 billion. The funding round, which could close as soon as this week, is expected to raise up to $6 billion. Sequoia Capital is among the participants in this round. The AI startup, known for its AI chatbot Grok, has attracted considerable attention in the tech and investment communities.
Its a bonanza The fastest growing category of US venture investment in 2024 is AI. Venture capitalists have invested $18.3 billion through the first four months of the year. At this pace, we should expect AI startups to raise about $55b in 2024. via @ttunguz https://t.co/z8YXy2AkiF
The fastest growing category of US venture investment in 2024 is AI. Venture capitalists have invested $18.3 billion through the first four months of the year. At this pace, we should expect AI startups to raise about $55b in 2024. AI startups now command more than 20% share of… https://t.co/WLomJyg8tU
Sources tell @BTLipschultz and myself that the long-rumored funding for Musk’s https://t.co/Yg8JBEOXVE round is finally closing this week. Settled on $18B valuation https://t.co/i6YqpwsPlP
